Unemployment Rises

By Staff Writer May 22, 2020

In the week ending May 16, the advanced figure for seasonally adjusted initial claims in the United States was just under 2.5 million, a decrease of almost 250,000 from the previous week’s revised level.

The four-week moving average was over 3 million, a decrease of 501,000 from the previous week’s revised average.

The advanced seasonally adjusted insured unemployment rate was 17.2 percent for the week ending May 9, an increase of 1.7 percent from the previous week’s revised rate.

The four-week moving average for seasonally adjusted insured unemployment during the week ending May 9 was more than 22 million.

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Last modified on Friday, 22 May 2020 14:06

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